BRIEF-Sabana Shariah Compliant Industrial #RealEstate clarifies on atricle in Straits Times

Tue, 2017-01-31 10:26 — newsdesk

#Singapore's Sabana Shariah Compliant Industrial Real Estate Investment Trust (REIT) clarifies the article published by Straits Times titled "Angry investors want REIT manager kicked out". Sabana REIT stated that the closing price of its unit was 37 cents on 24 Jan 2017. Sabana REIT clarified that the manager's fee structure is in line with market practice in Singapore's REIT sector. All acquisitions were approved by board of directors in accordance with property funds appendix and sgx-st listing manual.

Source:

http://in.reuters.com/article/idINFWN1FG0P5

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